Even Though Weed Isn’t Legal (yet) In Texas, Arcview Is Hosting A Get-together For Marijuana Entrepreneurs And Investors May 1-3 In Austin.

Arcview conservatively estimates Florida’s medical marijuana market will be worth $1.3 billion in 2021. Across North America last year, consumers spent $53.3 billion on marijuana, most of it obtained illegally, according to Arcview. The legal cannabis market is expected to grow from $6.9 billion in 2016 to $21.6 billion by 2021, Arcview says. Even though weed isn’t legal (yet) in Texas, Arcview is hosting a get-together for marijuana entrepreneurs and investors May 1-3 in Austin. “The state of Texas is a huge opportunity for the cannabis industry, and Austin is a hub of economic and entrepreneurial spirit,” Troy Dayton, CEO of Arcview, tells CultureMap. “By bringing the Arcview Investor Forum to Austin, we are tapping into an exciting and established network of investors and entrepreneurs who can take advantage of one of the country’s fastest-growing industries.” The forum will come a little over a week before the Texas Marijuana March , set for May 13 in Austin. Activists attend the annual event to press their case for legalizing marijuana in the Lone Star State. This year, http://www.washingtonmedicalmarijuana.biz several bills are floating around the Texas Legislature that would reduce penalties for marijuana possession or decriminalize it altogether, or would pave the way for legalizing recreational and medical marijuana. Central Texas lawmakers have a hand in some of the legislation. A constitutional amendment proposed by State Rep.